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March 26, 2025

Welcome to The Lighthouse ([link removed]) , the weekly email newsletter of the Independent Institute covering politics, economics, current events, and everything in between.

Dear Readers,

Will Trumponomics be a noted improvement over “Bidenomics?” Nikolai Wenzel asks if it will be more of the same with a different name, weighing the potential impact of ongoing economic policy. Alvaro Vargas Llosa, meanwhile, warns of the dangers of economic nationalism, which all too often means more cost and less prosperity.

Kristian Fors looks back at the COVID-19 lockdowns and reminds us all of the damage caused by the long-term reach of government power.

On government malfeasance, Craig Eyermann analyzes the shutdown drama in Washington.

Finally, Allen Gindler addresses one of the more absurd ideas making the rounds: that Trump would annex Canada. Gindler explains why the move not only is legally unsound, but is simply a bad idea for a number of reasons.

Read more about these topics in the latest issue of Independent Weekly!

Jonathan Hofer
Managing Editor

Top picks this week
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** Trumponomics: Unshackling the Economy or Bidenomics 2.0? ([link removed])
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** by Nikolai Wenzel
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Will Trumponomics enter the history books as a watershed deregulatory moment?
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** The Dangers of Economic Nationalism ([link removed])
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** by Alvaro Vargas Llosa
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Economic nationalists often emphasize the need to protect the nation from perceived threats, rather than focusing on policy outcomes.
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** Remembering the Cost of the Lockdowns ([link removed])
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** by Kristian Fors
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This month is the five-year anniversary of the COVID-19 lockdowns in California. The lockdowns are never going to age well.
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** Government Shutdown Theater Gets a New Plot ([link removed])
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** by Craig Eyermann
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What matters next is what Republicans do with their victory after this episode of government shutdown theater. They have the chance to put the U.S. government on a more sustainable fiscal path. Will they take it?
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** Trump Annexing Canada Is Not a Credible Bluff ([link removed])
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** by Allen Gindler
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Annexing Canada is not simply constitutionally implausible—it is a foolish idea.
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